According to the latest research report titled, “Sustainability Consulting Services Market (2024 – 2029)” by Mordor Intelligence, the sustainability consulting services market is estimated at USD 12.85 billion in 2024 and growing at a CAGR of 15.17% during the forecast period 2024 to 2029.
The sustainability consulting services sector is poised for sustained growth as companies seek to navigate evolving climate conditions, reduce greenhouse gas emissions, and align with global sustainability standards. Consulting firms are pivotal in assisting governments, businesses, and non-profit organizations in formulating strategies, implementing sustainable practices, and addressing the challenges presented by a dynamic climate-changing environment.
In March 2023, Boston Consulting Group (BCG) announced the formation of its global Center for Climate & Sustainability Policy & Regulation to support clients as they navigate and shape the global transition to a net-zero, nature-positive world.
Report Summary
Which are the Top Companies in the Sustainability Consulting Services Market?
The sustainability consulting services market is fragmented with the presence of major players like Accenture PLC, Boston Consulting Group, Tata Consultancy Services, Capgemini SE, and Roland Berger. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
Prominent players in the Sustainability Consulting Services Market:
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Key Highlights from the Sustainability Consulting Services Market Report
1. Energy and Power: Leading the Way as the Largest End User Segment
2. North America to Witness Significant Growth
The North American sustainability consulting services market is expanding due to rising environmental awareness, corporate focus on sustainability, and supportive regulatory measures. Companies are incorporating sustainable practices to contribute to market growth, recognizing the long-term benefits. This has led organizations to seek consulting services for efficient implementation and reporting.
The United States announced the launch of the Net-Zero Government Initiative during the 2022 United Nations Climate Change Conference of the Parties (COP27), inviting governments to lead and achieve net-zero emissions from national government operations by 2050.
In North America, vendors are swiftly engaging climate change consultants to devise and execute strategies for lowering greenhouse emissions and adapting to climate impacts. This proactive approach allows them to tap into emerging business prospects within the low-carbon economy. Notably, in May 2023, SWCA Environmental Consultants, a prominent environmental consulting firm in the United States, acquired ALO Advisors LLC, an international management consulting firm specializing in sustainability advisory services across diverse industries.
What are the Latest Developments in the Sustainability Consulting Services Market?
Mordor Intelligence Report on the Sustainability Consulting Services Market segments the market based on product type, application, and geography:
In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the sustainability consulting services industry. Get a glance at the Sustainability Consulting Services Market Report (2024 – 2029)
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